Sei Investments Co. Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Sei Investments Co. grew its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,492 shares of the company's stock after buying an additional 15,126 shares during the quarter. Sei Investments Co. owned approximately 0.29% of Travel + Leisure worth $10,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TNL. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure in the fourth quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after buying an additional 503 shares during the period. UMB Bank n.a. increased its stake in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after acquiring an additional 181 shares during the period. Institutional investors own 87.54% of the company's stock.

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Travel + Leisure Stock Performance

TNL stock traded up $1.32 during midday trading on Wednesday, reaching $47.73. 260,013 shares of the company traded hands, compared to its average volume of 624,749. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 0.67 and a beta of 1.61. The business has a 50 day moving average of $52.73 and a 200-day moving average of $51.04. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. During the same period last year, the company earned $1.98 earnings per share. Travel + Leisure's revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.69%. Travel + Leisure's payout ratio is currently 38.36%.

Analyst Ratings Changes

TNL has been the subject of several research analyst reports. Mizuho reiterated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays lifted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Truist Financial raised their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and an average target price of $63.70.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by insiders.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.